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, the question for the american economy. should we save or spend? what will get the economy moving faster. i will talk to the chief pro-economist of spending paul krugman and then the race for space, is america losing? china is building it own space station and the u.s. has to reeli on russia to send our astronauts to the stars. what's going on? and the exploding issue, middle class. in seven years it will more than triple in size to almost 2 billion people. it will change the world. we'll talk about how. but first here's my take. those of you who followed the show regularly know that i have long argued that cutting government spending if the midst of a weak recovery is not a path toward growth. i have also argued that america has a debt and deficit problem and we need to take it very seriously. the fact is that the vast majority of our problem is related to the cost of health care in america. now the debate over obama care is over, we should start to think seriously of how to get america's health care costs under control. as it turns out a book and magazine story provide ways to think of th
company with extraordinarily small economy. the fact it would precipitate a run with the greek banks or italian banks and bring down the entire system in europe, fumbling along, kicking the can down the road is really pretty fried and we know from experience these events, whether in the balkins with the shooting of an arch duke or whether in cyprus with the shooting of a banking system can lead to fairly significant consequences for the entire european continent and us. >> so far, the worst-case scenario hasn't happened yet. so far. that's good. let me ask you, steve forbes. do you believe that the united states can make itself immune? are we strong enough economically, and financially, to withstand the kind of worst-case scenario that senator gregg discussed? >> the answer is no. we should have learned that from 2008 when these dominos start to topple. it hits everybody. and this is what is so inexplicable. why did the germans draw the line on this, for sheer domestic political reasons. they don't want to be bailing out russian oil gargs. they have an election this year. they have k
correction? with the rising economy and profits this rally still has legs. also in year three of obama care premiums and insurance costs are rising sky-high. so are taxes. and small business costs are reducing profits by as much as 65% according to one small business owner we will talk to tonight. and the virtues of a free market capitalism that we talk about every night on this show are now forbidden fruit at stanford university. a popular long running pro capitalist course at that school has now been cancelled. what is up with that? "the kudlow report" begins right now. >>> first up, a major vote in the cyprus parliament helping to get that country closer to a teal with the european union. michelle caruso-cabrera joins us from cyprus again this evening with the very latest. good evening, michelle. >> reporter: larry, lawmakers here in cyprus taking a huge step tonight to prevent the financial collapse of their country. they pass ad law that will allow for the restructuring of their banks. this essentially means their sickest and largest banks will be down sized and made more healthy. this
those economies dramatically, weakens those countries. and it also weakens italy. >> you're saying potential contagion. finally, how does it get resolved? michelle is talking about a good bank/bad bank, nobody pays on deposits up to $100,000. the bailout is 10 billion euros from the european -- ecb. the bail-in is about $6 billion euros. so greece is looking for whatever they're looking for, $4 billion, $5 billion. or does europe bail that out even more? >> the biggest factor of all, dan and i were talking a couple minutes ago, the depositors above 100,000 will lose 40% to 50%. >> those are russians. they're going to be pissed off. >> the great systemic problem of giant bank failures is somewhat eliminated by what they're putting forward now. >> what do you think, dan? does this work? >> for our viewers i don't think it matters. the specifics are super interesting, we're going to go have a drink. what matters to people at home, what matters to the larger story is we decided that people's property in banks was not their own. >> in europe or in the u.s., too? >> in europe only. >> th
schoolers? the right answer later in the grapevine. up next, the state of the u.s. economy. what are the chances of another recession here? for over 75 years people have saved money with...ohhh... ...with geico... ohhh...sorry! director's voice: here we go. from the top. and action for over 75 years people have saved money with gecko so.... director's voice: cut it! ...what...what did i say? gecko? i said gecko? aw... for over 75 year...(laughs. but still trying to keep it contained) director's voice: keep it together. i'm good. i'm good. for over 75...(uncontrollable laughter). what are you doing there? stop making me laugh. vo: geico. saving people money for over seventy-five years. gecko: don't look at me. don't look at me. by the armful? by the barrelful? e carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >> bret: no major changes on the horizon in how the federal reserve is dealing with the economy. while fed chief bernanke says things are getting better not eve
. the economist is out with a report on our economy's saying that our economy is in better shape than you think. we're back with that in a moment. first, i want to give a shout out to my grandmother mabel. she convinced her nursing home to switch cable providers just to see the cycle every day. go, mabel! [ jackie ] it's just so frustrating... ♪ the middle of this special moment and i need to run off to the bathroom. ♪ i'm fed up with always having to put my bladder's needs ahead of my daughter. ♪ so today, i'm finally talking to my doctor about overactive bladder symptoms. [ female announcer ] know that gotta go feeling? ask your doctor about prescription toviaz. one toviaz pill a day significantly reduces sudden urges and accidents, for 24 hours. if you have certain stomach problems or glaucoma, or can not empty your bladder, you should not take toviaz. get emergency medical help right away if your face, lips, throat or tongue swells. toviaz can cause blurred vision, dizziness, drowsiness and decreased sweating. do not drive, operate machinery or do unsafe tasks until you know how tovia
economy. that is the real engine of the economic prosperity. >>> plus the supreme court this week will hear two important cases concerning same sex marriage. shouldn't the black robe masters leave the important social decisions to the states and their democratically elected legislatures or referenda? let the people decide. "the kudlow report" begins right now. >>> first up, in recent weeks, he's become a conservative super hero icon. that following his triumphant speeches at the national prayer service and the cpac political conference. dr. ben carson has a message to roll back obama care, deal with the crushing national debt, and even a bib llically based call r a flat tax. that's what i love. is he the conservative that can save the gop? here is the aforementioned dr. ben carson. director of the pediatric division at john hopkins university. and with us this hour, cnbc contributors keith boykin. as always, dr. carson, great to see you. i'm reading one of many articles that you're retiring in 100 days. i wonder if you would share future plans, especially public service. >> i have
here. you've got the good economy. tremendous housing numbers, miraculous retail sales, terrific oil and gas markets. you have the bad economy. weakening commodity prices. slow commercial real estate business. really bad world commerce outlook. real soft information technology sales. you mix them all up together and you get the absolute perfect environment for the fed reserve to stay stock market friendly. that's exactly what happened today. ben bernanke allowed the averages to power higher. dow gained 56 points. the s&p rising today, nasdaq jumping .78%. it's not sleight of hand or alchemy at work here, despite what critics say when they constantly slam the fed. >> boo! >> bernanke is not playing a game of move the stock market higher by simply continuing to keep the competition from bonds incredibly weak. he's got a real good reason for doing what he's doing, which is staying the course, keeping rates low. that reason? 1937. see, ben bernanke is a rigorous guy. he's a professor and a genuine scholar of american financial history. it's what he does best. he knows that in 1937 after
picture this is going to benefit the country or the economy. >> we're going to repeat this over and over again. nancy pelosi says let's pass it so we can read it. they don't know the definition of a full time employee. all she knows she probably not getting healthcare. >> eric: i'm holding a constitution in the hand which i carry with me. i page through this. i can't find government can require me to purchase something. >> eric, it's unfortunate. the government, it's a fascist government. they can force you to do anything they wanted to do. why we are celebrating something that is horror like obamacare is beyond me. you are talking about a birthday. i tell you what, here is the birthday. you see this cookie, the cookie crumbles. [ laughter ] >> it's not worth anything. they should turn around get rid of it. >> eric: we're laughing but the economy rests on healthcare. 15-17% of the economy, if this fails we're in deep trouble. >> everybody left and right says we have to get the costs under control. look, i'm glad you got a cake here eric because what the folks on the right is help themsel
. that has an inflationary effect on the economy. so you may be talking away the money you just gave that employee through the increase. raise prices throughout the economy. >> i have to say, you've now switched your argument from what it was going to do to your business to what it's going to do to the economy. >> very sharp, senator warren. whether a minimum wage increase and why. we've heard all this madness on the other side, especially small business people. we won't be able to pay insurance and the like. is that a real reasonable and persuasive argument? >> no and in fact, we have a real world experiment that tells us about this. in new jersey a few years ago, they raised the minimum wage. they did it in pennsylvania. there was an examination of fast food and it turned out that in new jersey, hiring went up and in pennsylvania, hiring went down. but let me turn this upside down. why aren't we talking about the fact that the total stock market is worth less today than in 2000 and yet, the ceos are getting more and more money. if we just turned this argument on its head, we can se
at home, what do we do about our economy so we don't become a cyprus isn't senate passed its first real bottoming proposal in more than four years. but many americans are worried that lawmakers are kicking the can down the road. the majority say they are slightly less nervous about the economy than they were in 2010. an overwhelming number of us think the number-1 challenge to our economy is the continuing, mounting debt. we have a former media spokesperson for george w. bush and a democratic political consultant to hillary clinton for president. mersaides and richard, welcome to both of you. americans are sick of this. look at the debt clock this. thing keeps whizzing up. the debt is mounting. every sunday, i show this. it has gone up another trillions, it seems, theres and multi-millions. mercedes, how do we stop that in its tracks and make it go the other way? >> we can't stop it when you have the budget plan that senator murray has pushed through. 50 of all, because it has such little support from american voters. for example, we saw a poll saying that only 28% of likely voters sup
records, taking, and larryeating bails glazer from the economy summit. and bruce is in pennsylvania where the snow has begun. reporter: well, neil, that heavy snow from this morning has turn into light snow this afternoon and now more of a freezing rain. literally minutes ago the sun made an appears and that is rare. no blizzard here but another significant snowfall. two or throw inches around most of the region, now a slushy mess. it began this morning. we expect it will not wrap up until late tonight. this is actually the 11th day in the month of march with some kind of trace amount of snow or more. none of them any big deal but all of them irritating. last month, one day with a trace of snow. temperatures much colder this march. the average high 15 degrees colder this march than last march, and just two days in the entire month of march that the national weather service would regard as clear, day where the sun was actually out. a fair number of fender benders this morning, but overall more of a slushy mess than a real danger. the temperatures are expected to get down near freezing, so
until you topple the entire economy. >> there budget is built on a hoax. on the one handled they say it balances in ten years. on the other hand they say they repeal obama care. but they keep the savings in obama care. if you would repeal obama care today, their budget would not be in balance. >> you saw him there, the democratic congressman, the top democrat on the committee. good to see you. >> good to be with you. >> in the past hour, you announced what you're calling a house democratic budget alternative. first of all, what is it and how is it different from the previous plan offered by the senate? >> well, it is similar to the senate plan. in other words, we also focus on job creation and accelerating the economy right now. then we address the long term budget deficit in a balanced way where we ask for shared responsibility as opposed to the republican plan which provides another tax break wind fall to very wealthy people at the end of everybody else. the expense of the middle class, the expense of commitments to seniors. so our focus right now is to number one, do no harm to th
stand? and israel's minister of the economy is here to answer our questions. >>> plus, mayor michael bloomberg called starbucks ceo ridiculi ridiculist. >>> and the head of colorado's department of corrections answers the door only to be shot down. we take you to the manhunt tonight. let's go "outfront." >>> good evening, everyone. i'm erin burnett. "outfront" tonight with friends like these, well, president obama arrived in israel to day. it was his first trip there as president. everything seemed rosey for a little while between him and benjamin netanyahu. >> and just as we have for these past 65 years, the united states is proudo stand with you as your strongest ally and your greatest friend. >> i want to thank you for the investment you have made in our relationship and in strengthening the friendship and alliance between our two countries. >> sounded so perfect. but then -- later in the day things changed. >> iran is a grave threat to israel, a grave threat to the world, a nuclear iran. the united states is committed to dealing with it. >> each country has to make its own decisi
. above 14,500. traders reacting to the word the federal reserve will take more steps to boost the economy through the program of buying up $85 billion in treasury and mortgage bonds. but the trouble in cyprus could threaten markets. officials are trying to find a new way to keep their own economy afloat after the parliament rejected a bailout that would have taxed its own citizens' bank accounts. the banks are closed the rest of the week. >>> where are we with this situation? >> in a standstill when it comes to cyprus. the parliament is betting the european union and central bank will not cut them off for -- not going through with the plan to tax deposits. they have almost a week to negotiate. next tuesday is when the banks open up. in the back channels with russia on financial support, so it seems they're hoping they can find a stopgap. >> shepard: what i didn't understand was the real problem with this situation in spy russ is the russians, who have been laundering money, have stashed so much money in the banks, the banks are bigger than the economy in the country. so they could have ta
-time workers. i don't see how in the big picture this is going to benefit the country or the economy. >> wayne is the first person to repeat this over and over. panelsy pelosi said let's pass so it we can read it. they don't even know the definition of a full time employee yet. is this woman full time? she doesn't know. all she knows is she's probably not getting health care. >> before you answer that, i'm holding a copy of the u.s. constitution in my hand which i carry with me at all times. i page through this time and time again and i can't find anywhere in it that says government can require me to purchase something. >> well, eric, it's unfortunate. the government is -- it's a fashous government. they cans for you to do anything they want to. why we're celebrating something that is a horror like obama care is hond me. you're talking about a birthday, i'll tell you what. birthday you see this cookie, well, the cookie crumbles. see. that's what happens. because it's not worth anything. and they should turn around and get rid of it. >> we're laughing but the economy really rests on health care
of america's biggest cities. siemens. answers. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> it is the kind of plot you may find in a spy model, older man falls for a beautiful young women and falls for something and it isn't love. that's what allegedly happens with this defense contractor and former army officer. he is charged with passing nuclear secrets to his chinese girlfriend. here is cnn's brian todd. >> reporter: he is an army reservist with top secret clearance, doing contract work for contract command in ohio. benjamin bishop stands accused of leaking nuclear secrets, weapons, war plans, early warning radar systems. u.s. officials say he gave them to a chinese woman 32 years younger who he was having a relationship with. bishop was arrested and in is in custody. his attorney says this. >> served his country honorably for 29 years. maintains he would never do anything to intentionally harm the united states. >> reporter: is the woman a chinese spy? court documents identify her as person one. 27 years ol
of family relationships than by the parents' sexual orientation. >>> coming up, when will the economy be healthy enough to stand on its own? according to fed chief ben bernanke, not for a while. we'll tell you all about it, coming up next. [ bop ] you can do that all you want, i don't like v8 juice. [ male announcer ] how about v8 v-fusion. a full serving of vegetables, a full serving of fruit. but what you taste is the fruit. so even you... could've had a v8. glass on floors. daily chores. for the little mishaps you feel use neosporin to help you heal. it kills germs so you heal four days faster. neosporin. use with band-aid brand bandages. neosporin. i go to angie's list to gauge whether or not the projects will be done in a timely fashion and within budget. angie's list members can tell you which provider is the best in town. you'll find reviews on everything from home repair to healthcare. now that we're expecting, i like the fact that i can go onto angie's list and look for pediatricians. the service providers that i've found on angie's list actually have blown me away. join toda
long has been considered generous because new york's economy and demographic contours different from those the rest of the country. there is a country growing more diverse and independent as income and inequality sigh rockets, more americans find themselves working low wage service jobs, looking more and more like new york. many of the political problems we are grappling with, immigration, minimum wage, what the repost-recession economy should look like, policy, policing, are issues at the center of new york's mayoral race. my great pleasure to have with me four of the democratic candidates for mayor of the new york city, bill de blasio. sal albanese, former city councilman. bill thompson, former new york comptroller and nominee for mayor in 2009. john liu, current city comptroller. we reached out to christine quinn who is also running but could not join us today. gentlemen, thank you very much for being here. >> thank you. >> this trial, i think, is -- really explosive. and i thinks that really changed the contours the politics on this issue. i'm curious what your feeling is about w
of syrian refugees stream across the border and decimate the economy. >> this is behind us. we have to roll up our sleeves. it will be a bumpy and difficult road. >> for the second time on this trip, the president expressed frustration when a reporter suggested that the u.s. is not doing enough on syria. >> the united states often finds itself in a situation where if it goes in militarily, it's criticized for it. if it doesn't, people say why aren't you doing something militarily? >> president is prodded on by carl levin who called for active approach to take out president bashar assad, from no-fly zone to airstrike. >> it's tragic. it's heart-breaking. the sight of children and women being slaughtered that we have seen so much i think has to compel all of us to say what more can we do? >> king abdullah is also under pressure. since a refugee camp alone is now the fifth largest city in jordan. there is also fear extremists will spread chemical weapons from syria to jordan and israel. abdullah resisted any foreign military intervention and today visibly winced as a reporter asked if it would
deal with the economy. the senate plan calls for $46.5 trillion in spending, nearly $5 trillion more than the house plan and more revenue an additional $1 billion more than the house plan. the biggest difference would be the impact on the nation's ballooning deficit. the senate plan is projected to cut spending by $975 billion over the next ten year. in the same time the house plan would cut a lot more. $6 trillion nearly. and if all this is not enough number crunching for you president obama is expected to release his budget plan in early april. of course, we will take a look and report. >>> europe holding its collective breath time as the nation of cypress teethers on bankruptcy. a lot of wealthy europeans particularly russians park their money in cyprus bank. if the financial system fails. they will be asked to foot the bill for the bailout of the bank. we started seeing how they might pay with talk of a 20% tax on bank deposits. a chance the banks to collapse by tuesday there. >> reporter: harris that is absolutely right. unless there is a bailout deal and reportedly that could b
in the 2008 meltdown of the american economy, as of late 2012, there have been several civil suits filed against major wall street financial firms, but not a single criminal prosecution. in this edition, we look back at the 2008 financial crisis and the failure of government regulators to prosecute those who might be criminally responsible. later, lehman brothers bankruptcy investigator anton valukas shares his findings on the collapse of the giant investment bank where no senior official has ever faced charges in the biggest bankruptcy in u.s. history. but first we begin with a nine-month 60 minutes investigation looking for wall street cases that might have prosecutorial merit. in december 2011, steve kroft reported on two such cases. we begin with a woman named eileen foster, a former senior executive at countrywide financial, one of the epicenters of the crisis. >> do you believe that there are people at countrywide who belong behind bars? >> yes. >> do you want to give me their names? >> no. >> would you give their names to a grand jury if you were asked? >> yes. >> but eileen foste
that has to do with the smart investments that we know we need to get the economy growing again, those are off the table. big tax cuts for the wealthiest americans that has to be made up by somebody and we know who that somebody is. >> thank you for coming in. there is no huge surprise that the ryan budget overwhelmingly passed in the house or that it failed in in the senate, but three senators voting against it, rand paul, ted cruz, mike lee. that's a new thing, tea partiers saying i'm even more conservative than paul ryan. is that the message? >> yeah. that is the message and also 2016 is the message. two of those three folks you mentioned have presidential ambitio ambitions. the rhine why we're in this situation in the first place is the inability to come together and pass a real budget. and really we see a new base rhine where these big tee bates are taking place, but the new sort of normal is the spending levels that were set by sequestration. and so yesterday we did see congress pass, pass a continuing resolution, pass a stopgap spending bill that went to the white house. and it
into the economy, until they see things change substantially. and what they're talking about in terms of substantial change is the unemployment rate going down to 6.5%. the federal reserve, they have regular meetings, they give regular statements on what they're going to do. today was one of those regular meetings that was scheduled. we were not expecting a change in rates. obviously with rates as low as they are, the only option will to be raise rates and you don't typically raise rates, wolf, unless you're trying to slow an economy down. if you raise rates, it makes it harder, more expensive for people to borrow money. they spend less. they borrow less. we're not at that point right now. so rates are staying exactly where they were, the federal reserve will continue to print and pump $85 billion into the economy. the way they do that, wolf, is they buy bonds back from banks, treasuries and mortgage-backed securities that gives banks more money to lend to businesses, and individuals for their mortgages or for their business expansion, and that puts more money into the economy. they'r
or the economy. this is something that will come up again with the debt ceiling fight this summer. but if you look at what the senate just passed, this is as christina said, they want to raise taxes. >> guys, let's switch to gun control here. christina, there's mention of the push for the gun control measures. a new gun control law was signed into law described as tough but does not ban semiautomatic assault weapons. here's the governor today. >> i get the feeling right now around assault weapons is that it's hard to define what assault weapons is, whether the ten-year ban, the federal ban made a difference. >> so colorado can't pass a ban on semiautomatic assault weapons. do you take that as a sign it's not going to pass in any state? >> well, it's really hard to know. every state is different. but there is a huge question here. lawmakers feel a lot of pressure from gun lobbyists, gun rights groups and this is why the effort is so interesting. he says he's going to spend $12 million to really look at senators that might be persuadable, particularly those with strong gun rights cultures in th
are actually focused on jobs and economy, erin. they're not focused on the debt. i think you have that captive sort of republican grass root that is focused on the debt and trimming back federal government. and they've captured the sort of republican party. but the vast majority of americans are more focused on the economy and creating jobs and building stable middle class than they are on cutting the deficit. yeah, the deficit is an issue. it's not the number one issue. >> why, boehner do that? we don't have an immediate debt crisis. you would see that in the market, right? so boehner is say ing the truth. it is against what he's been saying which is the debt is a problem. why did he do that? >> he said we need to address it over the long term. that means taking steps now. but here's the thing, he is actually opening the possibility that republicans move to more favorable ground because right now the problem is that republicans are emphasizing have been emphasizing root canal economics, only fiscal austerity rather than a more positive agenda. by conceding the point that we don't have an imme
the sequester for the moment maybe don't do anything. the economy looks like it's picking up a little steam. and that might be just what we need. you know, in terms of the ryan budget, it took a public drubbing in the election. we, we already forgotten about november? when the republicans ran on the ryan budget. if they want to keep revisiting that, that's their choice. but why are we talking about this? we just find out that medicaid and medicare deliver health care cheaper than anything else? and they want to eviscerate that? it makes utterly no sense at all to me, anyway. >> howard, these seem to be sort of political manifestos, more than fiscal proposals. especially the ryan budget, over 40% of its savings are based on a repeal of obama care. which ain't going to happen any time soon. >> i agree, they are political. they aren't even opening negotiating positions, sometimes people set out markers that are designed to begin negotiations. these are political documents and they're speaking to their own parties. and the democrats have already said, look, you want to run on the ryan budget ag
. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> as president obama visits israel, the israeli embassy in the united states tries its best to convince everyone that they're best buddies. the israeli embassy actually released this very strange little video to try to make that point. >> warmly welcome president obama to israel. express our appreciation for what he has done for us. >> the bonds between the united states and israel are unbreakable. the commitment of the united states to the security of israel is ironclad. ♪ thank you for being a friend, traveled down the road and back again ♪ ♪ your heart is true, you're a pal and thank you for being a friend ♪ [ female announcer ] new york strips. sudden trips. mr. wiggles and curling irons. for the little mishaps you feel, use neosporin
on marital equality. why they refuse to change. >> will this hurt the economy? >> i don't know if it will hurt the economy or not. >> boehner plays dumb at the expense of the middle class. >> workers are losing 1/12th of their pay. >> that's 9,000 meals they won't have access to. >> they had to cut the toilet paper budget. >> there goes the neighborhood. the westboro baptist church gets friendly new neighbors. a live look at the equality house ahead. morning, brian! love your passat! um. listen, gary. i bought the last one. nice try. says right here you can get one for $199 a month. you can't believe the lame-stream media, gary. they're all gone. maybe i'll get one. [ male announcer ] now everyone's going to want one. you can't have the same car as me, gary! i'm gettin' one. nope! [ male announcer ] volkswagen springtoberfest is here and there's no better time to get a passat. that's the power of german engineering. right now lease one of four volkswagen models for under $200 a month. visit vwdealer.com today. for under $200 a month. ♪ for♪under $200 a month. built to keep
, obviously the global economy would be in jeopardy and that obviously includes u.s. markets. naturally europe is one of our biggest trading partners. but for now investors don't seem to be too stressed. it is a very tiny country. it doesn't have the same impact like say france or germany. plus, we have seen a huge rally in the stock market since the start of the year. major averages up 7% to 10%. you know, it would take a lot to change that. michael. >> be half up on the day already. >> right. and of course big frustration, people can't get to their money from the banks. but then, jim, maybe you have some encouragement. any sign perhaps banks will reopen as early as tuesday perhaps? >> that can only happen if there's an agreement here to save the banks. the restructure, shutdown, whatever you want to call it. and reorganize these banks and europe says, okay, we'll allow the european central bank, think of that like the federal reserve, putting money into these banks just to keep them alive for a few more weeks. the federal reserve of the european central bank says we will shut that money off
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politics a long time and the kind of performance in the recent years with the economy. everybody is frustrated. that is the good news scenario. the bad news scenario we literally fix it and we relive 2008. >> can i ask a question as conservatives especially focus on the issue of deficit and what we are going to do about it and it becomes a rallying cry. where was that rhetoric when we were involved in two wars and paying for them on a credit card and having two major tax cuts put in place? iraq war is one of the first wars we haven't had a war tax. where was that fiscal responsibility a decade ago? >> missing. and i'm the wrong person to ask this. because i said famously in budget circles. it's a big crowd. in three the party is over, people get it and not spend any more money and ten years later, i was dead wrong. we lost our rudder somewhere. that's something that america actually stuck to and lived by and served america well 200 years. since then we have developed big problems. >> i also illusion the war would pay for itself and be resolved within six months and up and running
. the public fight was over the budget. >> the stanford economy looked at the budget and said 500,000 jobs right away. this plan will protect and strengthen medicare. it begips, yes, by repealing obama care. >> the resolution passed 221 221-207. with ten republicans an all democrats voting against it. >> this is an uncompromising ideological approach to our budget issues. this also fails the test of taking a balanced approach. >> the senate is planning to vote on the ryan blueprint to hold republican feet to the fire. >> it was crafted by a hard right group in the house. and most republicans would rather run away from it. we saw that happen during the presidential campaign. we're not going to let them run. >> senate democrats favor budget chair patty murray's plan to raise taxes, increase spending and never come to balance. top republicans say it doesn't add up. >> that means more debt. fewer jobs. frankly much higher taxes from the american people. we certainly hope that the president will change his mind and submit a plan that actually balances the budget. >> the senate plans to vote on
. >> we owe the country a balanced budget. it's a reasonable plan. grows the economy. balancing the budget is not just a sta stats tis particular call exercise. creates nor jobs. helps people keep more of their hard earned money when the other side is offering even more spending increases and tax increases. more borrowing. we are worlds apart. >> democratic proposals do not balance the budget. the fbi is investigating how on earth a man was able to pose as a pilot and gain access airways flight in philadelphia. police say the man had on an air france uniform and also an i.d. then he ended up in the jump seat right behind the airlines captain. he was caught when he failed to show his real credentials. the airline says that no passengers were ever in danger. >> that was a bizarre story. >> um-huh. >> the lie breafer congress has added 25 new songs, including this 1960's hit. ♪ come on, baby, ♪ let's do the twist. ♪ come on, baby ♪ let's do the twist. >> they said it became the excitement and energy. dick clark chubby checkers to record a new version of the song. it is more than two d
of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. can make any old day a special occasion. so she makes her new mini cream pies with real cream filling and milk chocolate on a cookie-crumb crust. marie callender's. it's time to savor. athto fight chronic. oosteoarthritis pain.st. to fight chronic low back pain. to take action. to take the next step. today, y will know you did something for your pain. cymbalta can help. cymbalta is a pain reliever fda-approved to manage chronic musculoskeletal pain. one non-narcotic pill a day, every day, can helpeduce this pain. tell your doctor right away if your mood worsens, you have unusual changes in mood or behavior or thoughts of suicide. anti-depressants can increase these in children, teens, and young adults. cymbalta inot for children under 18. people taking maois, linezolid or thioridazine or with uncon
did he do? can you elaborate? >> well, he began thinking about the issue of corruption and the economy and political life in the 1990s when argentina was going through an historic economic meltdown. basically he drew the conclusion that corruption was in some ways the worst kind of sin. his argument is that most sinners at least carry the hope for forgiveness because on some level they recognize they're doing something wrong, whereas people who were on the take who have been bought off feel like they've won the lottery. in this book, it was his attempt to sort of puncture their conscience and say, look. this idea of pursuing individual gain at the expense of the common good is only going to carry you so far and eventually whether it is in this life or the next, you're going to have to answer for this behavior. it is a position that was of course very close to him, near and dear to his heart because of this situation in argentina. i would expect it is going to continue to be a mayor theme of his papacy. >> will it give us insight into how this new pope will deal with say corruption or e
immigrants are good for this economy. they are benefitting not only high skill people like me or like all of the people working in washington, d.c. because they mow their lawn and they watch their children, but also lower skilled labors because this is not a zero sum game. the economy can expand. the data is very clear. i think it is pretty much a no brainer. >> if an immigrant paints my house somehow we are all richer because the rest of us can specialize in something else? >> yes. one of the ways because he's cheaper he makes prices much lower prices of construction much lower for all of us. >> that mahas been my understanding by this flexibility of a labor market everything costs less we can get richer. >> what you are focusing on is the gross domestic product for example if we were to provide grants and amnesty to 12 million illegal aliens the gdp tote at that time total sum of all good and products would grow. >> they would stop hiding and report more income. >> that is an abstract method. it doesn't mean anything. it means squat for "john q" public. with the holy skilled low end job
. as your life changes, fidelity is there for your personal economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. the people of bp made a commitment to the gulf., and every day since, we've worked hard to keep it. today, the beaches and gulf are open for everyone to enjoy. we've shared what we've learned, so we can all produce energy more safely. bp's also committed to america. we support nearly two-hundred-fifty thousand jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. watch this -- alakazam! ♪ [ male announcer ] staples has always made getting office supplies easy. ♪ another laptop? don't ask. disappear! abracadabra! alakazam! [ male announcer ] and now we're making it easier to get everything for your business. and for my greatest tri
technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ arrival. with hertz gold plus rewards, you skip the counters, the lines, and the paperwork. zap. it's our fastest and easiest way to get you into your car. it's just another way you'll be traveling at the speed of hertz. [ticking] >> one of the threats from the great recession was the sudden surge in the number of abandoned houses. vacant homes have become so ruinous to some neighborhoods that one city, cleveland, decided i
is increasing. it is isolated, its economy is in dire straits, its economy is divided, and its position in the region and world has only grown weaker. i do believe that all of us have ab interest in resolving this issue peacefully. strong and principled diplomacy -- [ applause ] -- strong and
of that was the contribution that, well, we didn't have secure borders and at a time when the economy is cratering, all of a sudden it became a very dark process, we're eating our own tail. more jobs for immigrants may have meant less jobs for someone else. and the way you lead yourself out of that is, no, no, everyone has something to con tribute. let's get an immigration process that brings people who want to come here, who want to become americans, who want to contribute to this country not take from this country. and that's always been the republican message. fortunately, they allowed a few republican media consultants to stay. i'm happy about that. but our problems are bigger than just hispanics or women or young voters. our problems are that as a party, you're supposed to lead people over the horizon to a better place. and we for got that. we thought our principles were just good for saying no, to be the brake pedal on the car, not to get our hands on the steering wheel. but you're seeing that change. these past couple of weeks, you saw change in the cast of characters in the republican party. it
economy. it's to create faster economic growth, to get jobs. you have to reform government to do that. >> well, on the medicare issue which is maybe the most sensitive issue out there, are you saying there are democrats who support your plan, which democrats describe as creating a voucher for medicare recipients? >> it's not a voucher program. it's called premium support and is an idea that originated from the brooking institutions from democrats to begin with. it is an idea i used to work on with alex ridlin. it's exactly just like the idea i worked with ron wyden the senator from oregon last year on. the point is good people from both political parties can lick this problem in the future and come to a solution and that is what we're proposing. our solution by the way, wolf, doesn't affect benefits of anybody in or near retirement but puts reforms of the program so we can make it solvent for the next generation like mine and our kids. we think it is the best idea for saving and strengthening medicare. we think the medicare board that will be put in place because of obama care is goin
the american academy of pediatrics. stay with us. (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here. >>> welcome back to "starting point." no plea deal for major nidal hasan, charged with killing 13 people at the ft. hood military base. he was willing to plead guilty under certain conditions, but the court-martial judge rejected those. >>> the american academy of pediatrics is coming out in support of same-sex marriage. the academy announced its support in a ten-page report. it studied scientific literature from the past four years and found that children's well-being is affected much more by the strength of family relationships than by the parents' sexual orientation. >>> nbc says it is building a new studio in new york
-strapped island of cyprus is now talking about nationalizing its country's pensions to save the struggling economy there. so he they couldn't seize the bank accounts, it's under consideration, now they're going to seize your pension. and we'll see how private money keeps coming up to attempts to head off disaster and are people too quick to dismiss the notion this could happen in the united states? growing anger for veterans after this memorial that celebrates the deaths of american troops in vietnam. this is put up by the enemy, appears in a popular reality show in a way that is very celebratory. apparently they feel, the news organization apparently on the wrong side of this fight. bob beckel was one of those who is upset by the decision to use this as a prop in a television show and he will join us live to explain why he and many others think this network went way over the line. >> i am so outraged by this, cbs is idiotic, stupid and don't blame it on young producers, it had to go through somebody at the executive branch of cbs and cbs can't do better than that to have people go to a memorial w
and hard work. israelis have put this small country at the forefront of the global economy. israelis understand the value of education and have produced ten nobel lawye llauretes. israelis understand the power of invention and your universities educate engineers and inventors, and that spirit has led to economic growth and human progress. solar power and electric cars, and bandages and prosthetic limbs that save lives. stem cell research and new drugs that treat disease, cellphones and computer technology that changed the way people around the world live. if people want to see the future of the world economy they should look at tel-aviv home to hundreds of start-ups and research centers. [applause] >> israelis are so active and social media that every day seems to bring a different facebook campaign about where i should give this speech. [laughter] [applause] >> that innovation is just as important to the relationship between the united states and israel as our security cooperation. our first free trade agreement in the world was reached with israel nearly three decades ago. [applaus
% of americans disapprove of the way he's handling the economy. the president is now making an effort to reach out to republicans by meeting with them several times over the past couple of weeks. but you have to wonder, are his efforts sincere? i asked south carolina senator lindsey graham earlier. >> the president has spent more time on capitol hill meeting with republicans just in the past week than he has for the previous four years, so, senator, what's up? >> i don't know. there's old saying in the south it doesn't matter how you find religion, as long as you do. i don't know if it's the drop in poll numbers or wants a legacy arealizes you can't have one without talking to republicans. either way it's a constructive thing. >> you can't govern if you don't have relationships and can't have relationships if you don't look at each other face-to-face and spend time together. may not always be pleasant, but it's got to be done and are you convinced-- you're one of the senators that had dinner with him thursday night at the hotel, is he being a work horse or a show horse? >> that's the ultimate
is doing everything we need to do to make sure that we're growing our economy and that we're strengthening our middle class. and as i said in my state of the union address, last month. every day we should be asking ourselves three questions. one, how do we make sure america's a magnet for good jobs. number two, how do we equip people with the skills they need to get those jobs. and number three, how do we make sure that hard work actually pays off in a decent living. these are the challenges that i have instructed my team at the white house and my entire cabinet to focus on. and a position that's instrumental to tackling these challenges is having an outstanding secretary of labor. so, i want to begin by thanking hilda solis and her entire team. including acting secretary seth harris. for the outstanding work that they've been doing over the past four years. their efforts at the department of labor have given more young people a chance to earn new skills. more returning vets the chance to find a job, they've looked out for worker safety from construction sites to coal mines. they stood up
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